The average rent price in the Kentucky region has had a strong fall in recent months. There has been a strong fall in the rent prices in this region.
The price per sq.feet in Kentucky has fallen considerably in the last 6 months. During February, the average price per sq.feet was $24.08. The following month (March) the price had a considerable fall reaching $12.53 per sq.feet. The following two months (April, May) went through a considerable fall of 15 % in the rent price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant fall of 11 %. This has been obtained by comparing the price of $10.51 for the first four months of the sample with regard to the previous 4 months and the price of $1.15 per sq.feet for the last two months (June, July).
When referring to the price in Kentucky (region), this has fallen in the last 6 months. February has an average price of $1,162. During Marchthe price had a slight fall till $1,028. In the following two months the average price practically remained the same compared to the previous two going from $1,095 to $1,072. During the last two months the average price has not gone through any changes and has gone from $1,083.5 to $1,069 during June and July.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 16 % cheaper than the average price in Kentucky followed by those with 2 with an average price of $1,003. The most expensive properties have 4 bedrooms. They are 41 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,322.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $0.96 / sq.feet being $1.13 / sq.feet the average for Kentucky. The properties with the highest average price are those with 1 bedroom. These are 18 % more expensive than the average followed by those with 3 bedrooms with a price of $1.07 / sq.feet.
The graph displaying the average rent price according to the property type shows "House" as the most affordable one. With an average cost of $1,137 it is 10 % cheaper than the average in Kentucky. This is followed by "" with a cost of $1,197. The most expensive property type is "Land" and is 36 % more costly than the average, followed by "Townhouse" with a cost of $1,259.
Based upon the average cost per sq.feet the most affordable property type is "Condo with a an average price of $1.05 / sq.feet, followed by "House" with a price of $1.16 / sq.feet. "Land" with an average price of $1.33 / sq.feet is the most expensive type of property followed by "Townhouse" at a price of $1.29 / sq.feet.